Home Prices Make Best Annual Jump in 7 Years

U.S. single-family home prices rose in March, racking up their best annual gain in nearly seven years as the housing recovery continues to provide a source of strength for the economy, a closely watched survey showed on Tuesday.

Continue Reading Below

The S&P/Case Shiller composite index of 20 metropolitan areas gained 1.1% in March on a seasonally adjusted basis, topping economists' forecasts for 1%.